Commercial Real Estate: Petland To Reopen Store At Chapel Ridge

June 8, 2009 by Mark | 0 Comments

The Petland store at Chapel Ridge, which closed last year because of the franchisee’s financial problems, will be reopened this summer by the Ohio-based pet-store chain.

“They felt really strongly about it, so they decided to reopen it as a corporate store — and they don’t have many corporate stores,” said Brad Sturges, of CB Richard Ellis/Sturges, who represented both Petland and the lessor, Chapel Ridge Investments, in the transaction.

The store is nearly 6,100 square feet and is one of the big-box anchors of the so-called “power center” at Maysville Road and Interstate 469. It has been closed for nearly a year. The company will run it as a corporate store and hopes eventually to find a new franchisee, Sturges said.

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